Pakistan on Path to Economic Stability Under PM Shehbaz Sharif, Finance Minister Claims

Addressing a ceremony in Islamabad, Finance Minister Muhammad Aurangzeb highlighted the progress Pakistan is making towards economic stability under the leadership of Prime Minister Shehbaz Sharif. He lauded recent positive developments, including Fitch Ratings’ upgrade of Pakistan’s credit rating, as a sign of growing global confidence in the country’s economic prospects.

The minister noted that the new IMF loan program has played a crucial role in boosting international confidence. He emphasized the government’s commitment to economic stability, stating that it is pursuing an agenda focused on substantial economic reforms.

Aurangzeb also stressed the importance of the private sector in driving the country’s economic development. He mentioned that the government is actively encouraging private sector participation and is considering the privatization of loss-making State Owned Enterprises (SOEs) as part of its strategy.

Furthermore, the finance minister highlighted the government’s efforts to attract foreign direct investment (FDI), underscoring the critical role of such investment in supporting economic growth and stability.